FXstreet.com (Barcelona) - The USD/CHF has leveled in European trading after the publication of GDP data in the EMU Thursday. With the ECB Interest Rate Decision and the ECB Monetary policy statement and press conferences slated for later today at 11:45 and 12:30 GMT respectively, the pair is currently trading at 0.9550, registering a decline of -0.06% today.
In the EMU, Gross Domestic Product s.a. (QoQ) has fallen -0.2% in Q2, in line with its consensus expectations of -0.2%. In addition, the index for Gross Domestic Product s.a. (YoY) has yielded a result of -0.5% in Q2, relative to its expectations of only -0.4%.
According to the technical analysts at Mataf.net, a further movement towards the downside will be countered by supports at 0.9523, 0.9488, and finally 0.9446. In the event of a prolonged surge, the pair’s rise will be checked by resistances at 0.9600, then 0.9642, and ultimately 0.9677.
In the EMU, Gross Domestic Product s.a. (QoQ) has fallen -0.2% in Q2, in line with its consensus expectations of -0.2%. In addition, the index for Gross Domestic Product s.a. (YoY) has yielded a result of -0.5% in Q2, relative to its expectations of only -0.4%.
According to the technical analysts at Mataf.net, a further movement towards the downside will be countered by supports at 0.9523, 0.9488, and finally 0.9446. In the event of a prolonged surge, the pair’s rise will be checked by resistances at 0.9600, then 0.9642, and ultimately 0.9677.
